Jan
22
Indian Stock Market Fall & Correction- Jan 21-22
Filed Under Indian Stock Market, India Business, India Investment Opportunities
Indian stocks have taken a solid fall for the second day in a row. Within minutes of the opening, Sensex stock fell nearly 10 per cent forcing an automatic one-hour halt in trading. Although it made a slight recovery it still closed 5% down.
Here’s the end of day summary.
Many money managers feel such corrections are part of life as the Sensex goes into bigger orbits, and that this week presents opportunity to make some good buys. We tend to agree, considering the feeling of awe we had when the Sensex crossed 8000 points in Q4 2005 (2 years back). Today the Sensex has moved much beyond 2x of that even after a deep fall like the last 2 weeks.
This article by the Economic Times provides a good summary of events over the last few years - worth reading and saving.
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